Moldova Continues to Issue New Citizenships During Application Pause
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While the Moldovan citizenship by investment program (CIP) has taken a four-month break to undergo a government review, a growing number of the 34 applicants who submitted their files prior to July 1st are receiving approvals.
By the end of July, two investors – one Australian, the other Indian, both with IT backgrounds – had obtained citizenships through the program. That number has now grown to five. Including dependents, the overall number of new citizens arising from the program now stands at eight.
Henley & Partners states that CIP-related projects would generate more than EUR 400 million in foreign direct investment and 10,000 new jobs had been identified. The firm said it looked forward to working with the Moldovan government to “fully re-evaluate and relaunch the citizenship by investment program”.
Moldova’s Parliament has approved the government’s draft law to instate a four-month moratorium on the citizenship by investment program. Upon expiry of the moratorium, the government will have the right to extend it for another two months.
Minister of Economy, Vadim Brinzan, indicated that the moratorium would allow for more time to consider a final political decision on the program’s future, as well as give room to process the 34 pending applications.
